Goodwin Daniel L bought a new stake in Tesla Motors Inc. (NASDAQ:TSLA) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 1,500 shares of the electric vehicle producer’s stock, valued at approximately $318,000.
Several other hedge funds and other institutional investors also recently modified their holdings of TSLA. Hartford Investment Management Co. boosted its position in shares of Tesla Motors by 0.9% in the second quarter. Hartford Investment Management Co. now owns 2,017 shares of the electric vehicle producer’s stock valued at $428,000 after buying an additional 18 shares in the last quarter. Agran Libbie boosted its position in Tesla Motors by 0.3% in the second quarter. Agran Libbie now owns 9,472 shares of the electric vehicle producer’s stock worth $2,011,000 after buying an additional 30 shares in the last quarter. Cannell Peter B & Co Inc boosted its position in Tesla Motors by 3.0% in the first quarter. Cannell Peter B & Co Inc now owns 1,710 shares of the electric vehicle producer’s stock worth $393,000 after buying an additional 50 shares in the last quarter. First Manhattan Co. boosted its position in Tesla Motors by 9.3% in the second quarter. First Manhattan Co. now owns 588 shares of the electric vehicle producer’s stock worth $124,000 after buying an additional 50 shares in the last quarter. Finally, Gemmer Asset Management LLC boosted its position in Tesla Motors by 0.9% in the second quarter. Gemmer Asset Management LLC now owns 5,701 shares of the electric vehicle producer’s stock worth $1,210,000 after buying an additional 50 shares in the last quarter. Institutional investors and hedge funds own 66.62% of the company’s stock.
Tesla Motors Inc. (NASDAQ:TSLA) traded down 1.40% during midday trading on Wednesday, hitting $208.46. 1,879,570 shares of the stock traded hands. The stock’s market cap is $31.00 billion. Tesla Motors Inc. has a 1-year low of $141.05 and a 1-year high of $269.34. The company has a 50-day moving average of $209.08 and a 200-day moving average of $222.26.
Tesla Motors (NASDAQ:TSLA) last posted its earnings results on Wednesday, August 3rd. The electric vehicle producer reported ($1.06) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.51) by $0.55. The business earned $1.56 billion during the quarter, compared to the consensus estimate of $1.67 billion. Tesla Motors had a negative return on equity of 46.30% and a negative net margin of 24.64%. The business’s revenue was up 30.5% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.48) earnings per share. On average, equities analysts expect that Tesla Motors Inc. will post ($0.93) EPS for the current fiscal year.
TSLA has been the topic of a number of recent analyst reports. Zacks Investment Research cut Tesla Motors from a “hold” rating to a “sell” rating in a report on Wednesday, June 8th. Piper Jaffray Cos. assumed coverage on Tesla Motors in a research report on Thursday, June 9th. They issued a “neutral” rating and a $223.00 target price on the stock. Pacific Crest reissued a “hold” rating and issued a $212.00 target price on shares of Tesla Motors in a research report on Monday, June 13th. Global Equities Research reissued a “buy” rating and issued a $385.00 target price on shares of Tesla Motors in a research report on Monday, June 13th. Finally, Oppenheimer Holdings Inc. lowered Tesla Motors from an “outperform” rating to a “market perform” rating and cut their target price for the company from $264.75 to $195.00 in a research report on Wednesday, June 22nd. Six research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. Tesla Motors presently has a consensus rating of “Hold” and a consensus price target of $248.49.
About Tesla Motors
Tesla Motors, Inc designs, develops, manufactures and sells electric vehicles and energy storage products. The Company produces and sells two electric vehicles: the Model S sedan and the Model X sport utility vehicle (SUV). The Company has delivered over 107,000 Model S vehicles across the world. In addition to developing its own vehicles, it sells energy storage products.
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